Forex Market


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Forex – U.S. Dollar Slumps on Inflation Data
Forex – GBP/USD surges to 1.3100 handle on weaker US CPI figures
Forex – EUR/USD closer to 1.1700 on Draghi, softer US CPI


Spot navigates fresh tops for the current month boosted by a sharp pick up in the selling pressure around the greenback post-CPI results. The disappointing results from US inflation figures forced yields of the US 10-tear benchmark to tumble to fresh lows in the 2.95% neighbourhood. The shared currency also derive some buying interest after President Draghi disappointed EUR-bears today at the ECB meeting, where the central bank left unchanged its monetary conditions. At his press conference, Draghi noted that uncertainty surrounding underlying inflation appears mitigated, while he stressed that updated forecasts on inflation and economic growth confirm the central bank’s assessment. The ECB now sees inflation running at an annualized 1.7% for the current month, 2019 and 2010, unchanged from the previous report. However, theECB revised lower its forecasts for GDP for 2018 and 2019 and now expects the economy to expand 2.0% and 1.8%, respectively.


The GBP/USD pair quickly reversed the post-BoE dip to 1.3035 area and rallied over 60-pips, to the 1.3100 neighborhood on softer US CPI figures. The US Dollar weakened across the board after the latest US consumer inflation report, released this Thursday, showed that the headline CPI increased 0.2% in August and the yearly rate dropped to 2.7% from 2.9% previous. Meanwhile, the core CPI also showed a modest 0.1% m/m rise and indicated that the recent upturn in inflation might have already started easing, dampening prospects for aggressive Fed monetary policy tightening cycle. The same was evident from a sudden plunge in the US Treasury bond yields, which exerted some additional downward pressure on the greenback and lifted the pair to an intraday high level of 1.3097, the highest since August 2. Against the backdrop the latest Brexit optimism, the prevalent USD selling bias now seems to have opened room for an extension of the pair’s ongoing positive momentum, possibly towards testing 100-day SMA hurdle near the 1.3200 handle.




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Forex – U.S. Dollar Flat, Euro Rises Amid Geopolitical Concerns
Forex – Euro rises as Italian debt concerns ease; sterling builds on gains
Forex – GBP/USD could rebound further and test 1.3170 – UOB


The U.S. dollar was flat against other currencies on Tuesday, as investors worried about Chinese-U.S. trade relations. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.03% to 95.09 as of 5:19 AM ET (9:19 GMT). Trade war tensions continued to worry investors. Robert E. Lighthizer, the United States trade representative met with European Union officials in Brussels on Monday to discuss trade tariffs. While Lighthizer called the talks “constructive,” a deal is not likely to be reached as soon as the White House administration would like. Meanwhile U.S. President Donald Trump wants to impose tariffs on almost all imported Chinese goods .China’s foreign ministry said on Monday that it would respond to any new steps on trade. The dollar rose against the safe-haven yen, with USD/JPY increasing 0.22% to 111.36. In times of uncertainty, investors tend to invest in the Japanese yen, which is considered a safe asset during periods of risk aversion.


“GBP rocketed upon Barnier’s comment and took out last Friday’s peak of 1.3029 (overnight high of 1.3052). The rally appears to be running ahead of itself but there appears to be enough momentum for GBP to test the strong 1.3070 resistance first before it should settle down (next resistance at 1.3105 is likely out of reach). On the downside, only a break of 1.2965 would indicate that a short-term top is in place (minor support is at 1.2990)”. “GBP continues to trade in a volatile manner as it dropped to a low of 1.2898 yesterday before rocketing to hit an overnight high of 1.3052 (after Barnier’s comments). The overnight high was just above the top of our expected 1.2800/1.3050 consolidation range and the subsequent strong daily closing in NY suggests there is room for further GBP gains. That said, it is too soon to expect a shift to a bullish phase even though GBP could test 1.3170 from here. For now, we view any strength as a corrective rebound and not the start of a sustained up-move.



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Forex Market Report

Forex – US Dollar Digestion Comes Back Ahead of US Inflation
Forex – GBP/USD spikes and retreats, back below 1.2900 handle
Forex – EUR/USD stays below 1.1600 post-US data


The single currency keeps the negative ground so far today and is now prompting EUR/USD to navigate within the daily range below the 1.1600 milestone. The pair remained apathetic despite today’s US docket came in on a mixed tone. In fact, US Producer Prices came in flat on a monthly basis during July and rose 3.3% over the last twelve months. Prices excluding energy and food costs gained 0.1% inter-month and 2.7% on a yearly basis. Further US releases saw Initial Claims rising 213K WoW, bettering estimates and taking the 4-week Average to 214.25K from 214.75K. In the meantime, spot is looking to consolidate after failing to break above the 1.1630 region earlier in the week. The inability to move further north of this area could originate some consolidation in the near term with the likelihood of a deeper retracement afterwards.


The GBP/USD pair reversed an early dip to fresh 11-month lows and spiked beyond the 1.2900 handle in the last hour, albeit quickly retreated around 20-25 pips. Incoming Brexit headlines continue to play a key role in driving the sentiment surrounding the British Pound, with some positive Brexit development helping the pair to stage a goodish rebound from an intraday low level of 1.2942. According to a report, via the Business Insider, the EU member states are reportedly willing to consider a Brexit deal, which will allow Britain to remain in the single market for goods while opting out of the free movement of people. The news provided a minor boost to the British Pound and prompted some short-covering move from a support marked by a downward sloping descending trend-channel formation on the daily chart. The uptick, however, lacked any strong follow-through as investors believed that any such deal is likely to get rejected in the UK Parliament as it will limit the country’s ability to strike a new free trade deal.




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Forex – Dollar Falls Despite Strongest US GDP Growth in Nearly Four Years
Forex – GBP: Bank of England to Reveal All Next Week
Forex – EUR/USD recovers modestly on Friday, remains in a range


The EUR/USD pair rebounded on Friday after US economic data but is still headed toward a negative weekly performance. After the ECB and US GDP data, it remains in a range, moving sideways, although closer to the lower bound. On Friday, the US dollar corrected to the downside, after rising on Thursday and pushed EUR/USD to the upside. Before the recovery, the pair bottomed at 1.1619, the lowest since July 19. The pair found resistance at 1.1660 and it is about to end the week, moving between that level and 1.1645, down 60 pips from the level it had a week ago. Despite the ECB decision and US data, EUR/USD continues to move within a small range. The para managed to avoid a daily close under 1.1630 that would point to more losses. To the upside, immediate resistance is seen at 1.1680/90, the 20-day moving average.


The GBP/USD pair managed to bounce off lows, albeit held on to its daily trading range following the release of US GDP print. The pair stalled overnight retracement slide from levels beyond the 1.3200 handle and found some support at lower levels after the advance US GDP report showed that the US economy expanded at an annualized pace of 4.1% during the second quarter of 2018. Although the headline reading was better than 2.0% growth recorded in the previous quarter, it wasn’t enough to provide any meaningful lift to the US Dollar and helped the pair to rebound from an intraday low level of 1.3082. The data, however, cemented expectations for a gradual Fed rate hike through the end of this year and thus, did little to prompt any aggressive USD selling. Moreover, investors also seemed to refrain from placing aggressive bets ahead of the highly anticipated BoE monetary policy update next week.



Forex Market Report


Forex – Dollar Steadies, Yen Pares Back Early Gains
Forex – EUR/USD bounces off lows, reclaims 1.1720
Forex – Trump Comments Knock Dollar, Yen Up on BoJ Speculation


EUR/USD now alternates gains with losses ahead of the opening bell across the pond, managing to stage a rebound from 1.1690 to the vicinity of 1.1730, where met some decent hurdle. Spot keeps navigating the upper end of the recent range above 1.1700 the figure amidst a generalized sideline theme in the global markets. On the USD-side, the greenback stays trapped within a tight range against the backdrop of rising yields in the US 10-year note and always wary of headlines coming from the US-China trade dispute. In the docket, US Chicago Fed index rebounded to 0.43 in June, while Existing Home Sales during the same period are due later. At the moment, the pair is losing 0.05% at 1.1714 and a breakdown of 1.1690 (10-day sma) would target 1.1676 (21-day sma) and then 1.1575 (low Jul.19). On the flip side, the next hurdle at 1.1748 (high Jul.17) followed by 1.1792 (high Jul.9) and finally 1.1853 (high Jun.14).


The GBP/USD pair quickly reversed an early European session dip to 1.3113, albeit continued with its struggle to make it immediate barrier near mid-1.3100s. Despite a bearish development, wherein the EU leaders rejected the UK PM Theresa May’s current Brexit plan, the pair continued gaining positive traction at the start of a new trading week and was supported by a follow-through US Dollar selling bias. The US President Donald Trump’s comments on Friday, showing displeasure over the Fed’s
monetary tightening and the recent dollar strength, kept the USD bulls on the defensive and helped the pair to build on last week’s goodish rebound from YTD lows. The bullish momentum, however, lacked any strong conviction, with easing USD bearish pressure capping the pair near a confluence resistance comprising of 200-hour SMA and 50% Fibonacci retracement level of the 1.3363-1.2957 recent downfall.




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Forex – Firmer U.S. dollar boosts corporate interest in currency hedging
Forex – Sterling Falls Below 1.30 for First Time in 10 Months
Forex – EUR/USD off lows, still looking vulnerable


The EUR/USD pair bottomed after the release of US data (jobless claims and Philly Fed) at 1.1574, hitting he lowest level in three weeks. From the lows bounced to the upside recovering almost 50 pips. The recovery was capped by 1.1620 and at the time of writing was hovering around 1.1600/05, headed toward the third decline in a row. EUR/USD moves followed the US Dollar Index that hit fresh 1-year highs and then pulled back trimming daily gains. A retreat in US yields weakened the US dollar during the last hours. Earlier today the 1-year yield reach the highest level since June 2008. The pair rose from the 1.1580 area amid a correction of the US dollar, particularly against European currencies. The strength of the greenback versus commodity currencies remained intact at all times today. Despite the move off lows, the tone remains bearish for the EUR/SUD and a decline back below 1.1600 could add more pressure, opening the way for a test of the daily low at 1.1575. On the upside, a recovery above 1.1630 could remove the intraday downside bias.


The pound dropped below the $1.30 level on Thursday as a result of an unexpected drop in consumer spending in June, further slimming the chances of a Bank of England rate hike in August. At 10:35 GMT, GBP/USD was 1.2997, down 0.55%, the lowest level for the cable since September 2017. Retail sales month over month fell by 0.5% in June, lower than the expected increase of 0.1%. Sales for May were revised upward from 1.3% to 1.4%. The core retail sales figure, which excludes automobiles and fuel, fell by 0.6% – lower than the expected drop of 0.3%. Overall retail sales
growth for the second quarter came in at the strongest level since 2004 despite the fall in June. The month of June is purported to have been weaker as a result of hotter weather and England’s unexpected success in the World Cup. The combination of wage growth, soft inflation and now disappointing retail sales for the month of June may give the Bank of England food for thought when the Monetary Policy Committee meet in August to set interest rates.




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Forex – Dollar Hits Day’s Highs on Powell Testimony
Forex – EUR/USD tumbles to sub-1.1700 area ahead of Powell
Forex – GBP/USD tumbles to lows, around mid-1.3100s on Brexit concerns


After clinching fresh tops in the 1.1740/50 band in early trade, EUR/USD met a wave of selling orders and has now retreated to the 1.1700/1.1690 band. The pair gave away initial gains beyond 1.1700 the figure and is now remain under pressure in light of the upcoming semi-annual testimony by Fed’s J.Powell before the Senate Banking Committee. USD gathered extra traction after US June’s Industrial and Manufacturing Production expanded beyond consensus at a monthly 0.6% and 0.8%, respectively. On the not-so-bright-side, Capacity Utilization Rate came in at 78.0%. missing estimates albeit higher than May’s 77.7%. Looking ahead, investors expect Powell to deliver a message in line with the statement published at the June meeting, although attention has also shifted to the yield curve and the continuation of the gradual path when comes to raising rates. At the moment, the pair is losing 0.12% at 1.1696 facing the next support at 1.1663 (21-day sma) seconded by 1.1615 (low Jul.13) and finally 1.1527 (low Jun.29).


The GBP/USD pair extended its sharp intraday slide and tumbled around 120-pips from the post-UK jobs data swing high level of 1.3269. The latest UK political headlines, wherein Labour party members were said to support the amendment offered by rebel Tory MPs to keep Britain in the customs union after Brexit raised concerns about the UK PM Theresa May’s future and prompted some aggressive selling around the British Pound. This coupled with resurgent US Dollar demand, amid expectations about an upbeat economic outlook from the Fed Chair Jerome Powell’s semiannual congressional testimony, added to the downward pressure surrounding the major. The ongoing sharp decline could also be attributed to some cross-driven weakness, steaming out of a sudden spike witnessed around the EUR/GBPcross.



Forex Market Update


Forex – Dollar Retreats From 2-Week Highs as GBP/USD Rebounds
Forex – GBP: Strong UK Data may Boost GBP, However, Brexit Overhang Remains
Forex – EUR/USD recovers from 1-week low and erases daily losses


The EUR/USD pair recovered ground after the beginning of the American session rising from 1.1612, 1-week low, to 1.1670, slightly below daily highs. The pair remained above 1.1650 after the release of the Federal Reserve monetary policy report that Powell will present next week to Congress. According to the document, prospective economic conditions call for further gradual removal of monetary policy accommodation. The report had no significant impact on the US dollar as it added no new information. Despite recovering against the US dollar, the euro turned lower versus the pound. The slide of EUR/GBP could have limited the upside in EUR/USD. On a weekly
basis, the pair is about to post the first slide after rising during the previous there weeks. Overall, it continues to move within the 1.1800 – 1.1500 wide range. EUR/USD rose back above the 20-day moving average that stands at 1.1650 and is again a support level to consider.


The dollar retreated from a two-week high against its rivals Friday, pressured by a rebound in the pound from an 11-day low. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell by 0.01% to 94.56, after hitting a two-week high of 95.00. GBP/USD rebounded from an 11-day low of $1.3103 to $1.3213, after U.S. President Donald Trump walked back his criticism of British Prime Minister Theresa May, and claimed a U.K.-U.S. trade deal was still possible. That eased investor fears that Britain would struggle to secure a trade deal with the United States as Trump had reportedly told the Sun newspaper on Thursday that May’s Brexit plan may “kill” Britain’s chances of such a deal. Elsewhere, China’s trade surplus with the U.S. hit a record of nearly $29 billion, raising the risk of deepening its trade-related rift with the United States.



Epic Research : Forex Market Update


Forex – Dollar Slips Lower Before Fed Rate Decision
Forex – Sterling Touches Day’s Lows after UK Inflation Data
Forex – EUR/USD climbs to session tops near 1.1780 ahead of FOMC


The dollar and the euro were little changed in rangebound trade on Wednesday as traders awaited a Federal Reserve policy announcement later in the day and looked ahead to Thursday’s European Central Bank meeting. The U.S. dollar index, which
measures the greenback’s strength against a basket of six major currencies, was trading at 93.88 by 03:46 AM ET (07:46 AM GMT), little changed for the day after rising 0.29%. The Fed is widely expected to raise interest rates for the second time this year
at the conclusion of its policy setting meeting later in the day. With a rate hike almost fully priced in, markets are focusing on whether the Fed will signal hiking rates four times this year, rather than the three times its indicated earlier in the year. The dollar
rose to fresh three week highs against the yen, with USD/JPY rising 0.21% to 110.59. The euro was almost unchanged against the dollar, with EUR/USD last at 1.1746.


The pound slid to the day’s lows on Wednesday after data showing thatUK inflation remained steady at a one-year low on May, despite pressure from higher oil prices. GBP/USD hit lows of 1.1312 after the release of the data and was trading at 1.3319 by 05:19 AM ET (09:19 AM GMT). The Office for National Statistics reported
that the annual rate of inflation rose by 2.4% in May, unchanged from the previous month, which was a one year low and in line with expectations. Rising motor fuel prices produced the largest upward contribution to inflation, the ONS said, reflecting increases in crude oil prices. Underlying inflation rose by 2.1% on a year-over-year
basis, matching the previous month and also in line with forecasts. Inflation remains below wage growth, even after data on Tuesday showing that wage growth slowed slightly in the three months to April. The steep drop in sterling in the wake of the June 2017 Brexit referendum drove up the cost of imports, leading to a spike in inflation.


Forex vs Stocks; A Comparison for Singapore Traders | GBP/USD | EUR/USD

One thing that everybody considering exchanging Forex is whether it’s the correct decision. There are different alternatives that you’ve heard significantly more about – particularly on the off chance that you have viewed monetary dramatizations. At last, the inquiry comes down to which is better – Forex or stocks?

This is a major civil argument, and both have their followers, however how about we attempt take a gander and no more vital components that will enable you to pick.


Area was once extremely important here. It used to be that irrefutable stock must be exchanged specific focuses – the New York Stock Exchange, the London Stock Exchange, the Tokyo Stock Exchange, to give some examples. You must be available, or exchange as a substitute through a specialist. There were along these lines impediments on the measure of individuals ready to get required, as the exchanging floor could just fit such a large number of.

Forex exchanging, then again, was never bound to a specific territory.

Presently nonetheless, this is a debatable issue. Money related exchanging is for the most part done through an electronic system, which permits anybody with web get to (peruse: any broker) to open a record with a merchant and access the market from home.

Edge and use

Stock and Forex representatives both offer records with little least stores. Be that as it may, what potential for development would you be able to get with those little stores?

Stock representatives for the most part offer 1:2 use – at the outrageous. Forex agent, then again, can offer 1:50 as a base! That implies, in the event that you contribute $1,000 you can possibly make $2,000 on the stock exchange, and $50,000 on the Forex advertise.

In any case, high use can be an awesome hindrance for apprentice merchants. It makes significantly more of a probability that they’ll wipe out their records in a single awful exchange. The significant yields are appealing, and can be to a great degree useful, yet high use requires a considerable measure of care and a ton of hazard.

Another factor here, is that Forex specialists charge much lower commissions than stock agents. This is clearly a major preferred standpoint for Forex.

Forex has the preferred standpoint here because of the potential for considerably higher adaptability and returns.

Round the clock

Securities exchanges are open when the stock trade is open. This compares to around 8 hours every day, 5 days seven days, Forex markets are open 24 hours per day, 5 days seven days. This is on the grounds that, because of the broad scope of time zones, Forex is continually exchanging.

In spite of the fact that there are specific circumstances at which instability is higher and exchanging is more advantageous, Forex remains significantly more accessible than the stock trade regarding hours in the day.

Assortment and adaptability

The stock trade offers a colossal assortment of exchanging instruments. Each straightforwardly asserted association has their stock accessible. This makes finding an exchange a great deal harder for a long haul central dealer, except if s/he has a quite certain intrigue.

Forex, then again, is for the most part used to exchange the majors. The US dollar is incorporated into 80% of activities. It’s far simpler to take after the market when it is so profoundly affected by one player.

Simplicity of exchange

Stocks are a greater amount of a venture than a theory device. When you have your hands on particular stocks, it can be hard to offload them, particularly if the cost is falling.

Forex has a significantly higher liquidity. It’s constantly simple to purchase and offer, as you’re exchanging one cash for another.

All things being equal, with regards to Forex versus stocks I think Forex thumps the stock exchange hands. I’m clearly somewhat one-sided being a Forex dealer, yet when you analyze the focal points over weaknesses I think you’ll see that Forex wins out. Regardless of whether you choose to exchange Forex or money markets, I emphatically encourage you to locate an accomplished mentor who is really exchanging utilizing the methodologies he/she




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